1 week ago
Shaan’s Rs48 Crore Palmera Purchase Reflects Mumbai Luxury Demand
Singer Shaan and his wife, Radhika, bought a very large home in Mumbai.
They paid Rs48 crore for the residence.
It is located in a luxury building called Palmera in Bandra West.
The home was made by joining three apartments together.
The apartments cover about one and a half floors.
Palmera has 32 residences and many special facilities.
The building’s Occupancy Certificate formalities are still underway.
Their purchase happened during a period when many expensive homes were being bought in Mumbai.
Singer Shaan and wife Radhika Mukherjee bought a 6,300-square-foot Palmera residence in Bandra West for Rs48 crore.
The home combines three apartments across approximately one-and-a-half floors on Palmera’s 18th level.
Propbay India LLP brokered the transaction, which was registered on August 20, 2026.
Palmera is a 32-residence tower developed by Pantheion Real Estate at 8 Turner Road.
Mumbai recorded 1,499 luxury-home registrations worth Rs14,903 crore during April-June 2026.
- Who
- Singer Shantanu “Shaan” Mukherjee and his wife, Radhika Mukherjee.
- What
- They purchased a 6,300-square-foot luxury residence for Rs48 crore, combining three apartments.
- Where
- Palmera, 8 Turner Road near St Martin’s Road in Bandra West, Mumbai.
- When
- The transaction was registered on August 20, 2026; market figures cover April through June 2026.
- Why
- The purchase is a high-profile example of capital flowing into Mumbai’s premium residential property market and continues Shaan’s family connection with Bandra.
Key facts
- Purchase price
- Rs48 crore
- Residence size
- 6,300 square feet
- Configuration
- Three apartments combined across approximately one-and-a-half floors on the 18th level
- Building
- Palmera, a 32-residence tower developed by Pantheion Real Estate
- Location
- 8 Turner Road near St Martin’s Road, Bandra West, Mumbai
- Registration date
- August 20, 2026
- Mumbai luxury market
- 1,499 homes priced at Rs5 crore or above registered for Rs14,903 crore in Q1 FY27
Quotes
A source close to Shaan
An unnamed source familiar with Shaan’s property purchase
“It is a luxury property on Bandra's Turner Road. The three units have been combined across approximately one-and-a-half floors.”
NDTV
“I've had a special connection with Saif over the years.”
NDTV
